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27 January, 06:46

A tenant enters into a commercial lease that requires a monthly rent of a minimum fixed amount, plus an additional amount determined by the tenant's gross receipts exceeding $5,000. This type of lease is called a

A) percentage lease.

B) net lease.

C) gross lease.

D) standard lease.

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Answers (1)
  1. 27 January, 09:49
    0
    A) percentage lease

    Explanation:

    Just as its name suggests, percentage leases are determined by a fixed amount and a percentage of the total sales of the lessee business. This type of lease usually applies to renting of commercial real estate only. It is common for percentage leases to include 6-10% of the gross sales of the lessee, but the fixed amount is usually much smaller than regular rent prices.
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Home » Business » A tenant enters into a commercial lease that requires a monthly rent of a minimum fixed amount, plus an additional amount determined by the tenant's gross receipts exceeding $5,000. This type of lease is called a A) percentage lease. B) net lease.
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